08-28-1995 CC - Laserfiche WebLink

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UNAPpROVED Mounds View City Council Page 7 Regular Meeting July 17, 1995 1 4) data input takes a lot of staff time 2 5) hiring of readers - not being properly read, hard time 3 getting permission and time to enter homes 4 6) repair of meters 5 7) meter reader safety 6 8) loss of potential income keeps increasing the older 7 the meters get 8 9 Ulrich explained that an RFP was sent out approximately four 10 months ago and staff selected the most efficient proposal 11 received. Ranaom water—meter readings were taken. Th- 12 commercial meters were running approximately 94% accurate and 13 residential were running approximately 98% accurate. 14 15 Councilmember Hankner stated that the Council has begun long 16 range planning instead of doing crisis management and that the 17 water meter system does have to be taken care of. 18 19 Mayor Linke stated that the Council has three options before 20 them. The proposals are: 21 22 O Change out all meters to phone read: 23 24 $830, 000 Total Cost of Project 25 $500,000 Loan from Special Projects Fund (to be 26 paid back at 7% for 12 years) 27 28 $330, 000 WAC Fund Contribution 29 30 Projected increased revenue: $31,500 31 32 O Change out Commercial accounts to phone read; residential 33 to touch read: 34 35 $505,914 Total Cost of Project 36 $305,914 WAC Fund Contribution 37 $200, 000 Loan from Special Projects Fund (to be 38 paid back at 7% for 10 years 39 40 Projected increased revenue: $31,500 41 42 O Do nothing to the water meter system. 43 44 Councilmember Trude commented that she thinks a public hearing 45 should be held on this item to get input from the public and 46 that no action be taken at tonight's meeting. She commented 47 that this is the largest expenditure proposed since she was 48 elected and served on the Council. 49